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20121129
20121207
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later and when we get to next year we are in an economy that is in a higher tax environment, companies will grow less well if that environment, association whatever cash they have, and they have available to pay out, will be taxed at a high are rate. >>neil: what do you make of the argument we had much higher dividend tax rates in the reagan administration, a good part of the clinton administration, and we did fine. >>guest: it was great to be a world monopoly. a wonderful thing to have the expire world recovering from world war ii but that is not where we are. higher taxes hurt economic growth. people say it doesn't hurt it and they are saying of all the possible answers i will pick the extreme one, which is zero. what is most iportant? millions are out of work, we have incomes that have not grown but they have fallen. i would think growth is the priority. >>neil: is that going do mean more dividends next year to make up for the tax hit they will face? will they still cash out with the dividends? isn't that going do lead to a market tank? >>guest: one of the things, what we are seeing
the answers. >>neil: why hold the meeting? >>guest: good question. it was an environment for people to express their thoughts. it was more of an expression of your thoughts. you could hear the anger, frustration, hurt, a lot of tears. >>neil: i wish you the bet. we will monitor this again. we bring this to your attention not to take it out of context but a month after sandy a lot of people have forgotten sandy. life goes on. they are over it. but we remind you as the officials were patting themselves on the we back, we know the reality, because we are familiar with this area, friends and family are there. it is not way are being told. but i have to tell you, it isn't what you have been told. if you think the crisis has passed and life is good, these folks, many of them have faced thanksgiving from hell, are now looking at the same thing for christmas. i think they deserve better. and i think our government if it is going to step up to the role of doing more should try. in the meantime, before the townhall, we had this. >>guest: you think this is a joke? a joke? you are a joke. you it is there
to meet. they don't meet. so, are you worried that environment makes things so dicey that no deal is done and if it is done, it it is a bad d. >>guest: i am worried. the so-called fiscal cliff was put in law because it was stuff that would be so unacceptable congress would never let it happen, enormous tax increases, grotesque cuts in spending but here we, it is in the law. congress does nothing which congress is good at doing and go over the cliff and some want to see that happen because then the crisis will generate the kind of bipartisan agreement we need but that is irresponsible. >>neil: it is looking more likely. then who picks up the pieces? >>guest: the country suffers. i don't think anyone gains politically. you know that almost everyone here in both parties will tell you if you talk to them privately, this ends with entitlement reform. not cutting programs like medicare but slowing down the growth in the programs because they are the big drivers of the deficit and raising more out of the revenue, out of the tax system. whether you call iterates or reform over whatever you call i
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